According to the U.S Census Bureau, the average travel time to work in the U.S. is 25.4 minutes. a simple random sample of 10 people reported the following travel times, 10,11,9,24,37,22,75,23,51,48.

at a 5% significance level, do the data provide sufficient evidence to conclude that people in Bryan, tx spend less time traveling to work than the national average? calc the p-value.

a. p= 0.7838

b. p= 0.4325

c. p= 0.8217

d. p= 0.8067

e. p= 0.1933

According to the U.S Census Bureau, the average travel time to work in the U.S. is 25.4 minutes. a simple random sample of 10 people reported the following travel times, 10,11,9,24,37,22,75,23,51,48.

at a 5% significance level, do the data provide sufficient evidence to conclude that people in Bryan, tx spend less time traveling to work than the national average? calc the p-value.

a. p= 0.7838

b. p= 0.4325

c. p= 0.8217

d. p= 0.8067

e. p= 0.1933

Part I: Description of the State of the U.S. Economy

1. Describe the state of the U.S. Economy for the years between 2006 and now in terms of macroeconomic measures discussed in the course (GDP, unemployment, and inflation rates). Use data from the National Bureau of Economic Research (NBER), http://www.recovery.gov, and other government agencies and departments, such as Department of Labor (Bureau of Labor Statistics), Department of Commerce (Bureau of Economic Analysis), etc. and present the data in charts, graphs, or tables.
2. As you will notice from your data analysis, the economy passes through different phases and turns. Discuss the implications of a given state (for example, recession) in terms households, businesses, and the entire society as a whole. Share your thoughts as to why it is important for you to understand the different states through which the economy passes. Share personal examples and experiences.

Part II: Analysis of Economic Policies

1. In your analysis of the macroeconomic data, you will notice that the U.S. economy passed through a major recession. Based on research, discuss the underlying causes of the recession. Identify monetary and fiscal policies implemented by the Federal Reserve and the government to deal with the recession.
2. Evaluate the expected and actual effects of each policy. Your response needs to include the name of the policy, description of the policy, the year it is implemented, and discussion of expected and actual outcomes in terms of the GDP, unemployment and inflation rates.
3. After close observation of the different perspectives discussed in the course, share your position on the effectiveness of fiscal and monetary policies to deal with recession or inflation.

4. As part of the economy, each of us will be affected by the state of the economy and the actions policy makers take to stabilize or advance it. Conclude by sharing why understanding these actions and outcomes matter to you as an individual who is part of the economic system. How do they affect the society/economy? What could be done differently? Share personal examples and experiences

3) A British firm has a subsidiary in the U.S., and a U.S. firm, known to the British firm, has a subsidiary in Britain. Define and then provide an example for each of the following management techniques for reducing the firm's operating cash flows. The following are techniques to consider:

a)   matching currency cash flows

b)   risk-sharing agreements        

c)   back-to-back or parallel loans

The Canliss Milling Company purchased machinery on January 2, 2019, for $860,000. A five-year life was estimated and no residual value was anticipated. Canliss decided to use the straight-line depreciation method and recorded $172,000 in depreciation in 2019 and 2020. Early in 2021, the company changed its depreciation method to the sum-of-the-years’-digits (SYD) method.

Required:
2. Prepare any 2021 journal entry related to the change. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

journal entry

Record the adjusting entry for depreciation in 2021.

After reading the article by Michael Porter on his Diamond of National Advantage (in addition to Dyer et al, (2020), Chapt 9, p.164, Figure 9.5), apply Porter’s Diamond Yahoo company and an international geographic market where the organization currently does business. Briefly apply the four factors of the diamond Yahoo and a specific market location (country or region). You may need to do research on the company and its operations in that international market. How important do you feel the “clustering” of related and supporting industries might be to Yahoo?

Complete the Table by Choosing one of the following options to analyse each Transaction of Ben Bicycle Traders for February 2020

Yes – Debit entry

Yes- Credit Entry

No Entry

A comparison of the Bank Statement of Bicycle Traders for February 2020 with the Bank reconciliation Statement at 31 January 2020, and the Cash Reports for February 2020, revealed the following:

1. The Bank account at 31 January 2020 had an unfavourable balance of R11 000
2. The cash Reports of Feb 2020 reflected the following amounts:
   1. Total Cash Receipts of R45390
   2. Total Cash payments of R39650
3. The Bank Reconciliation statement at 31 January 2020 reflected the outstanding Deposit of 2 Debtors, Z. Bently for R4300 and A. Roggers for R3500 . The bank credited the deposit From Z Bently on 1 Feb 2020
4. On 5 Feb 2020 , it was discovered that the A.Roggers a Debtor , provided a Fictitious proof of payment on 31 January 2020 to the accountant of Bicycle Traders . The amount of R3500 was not deposited into the bank account .
5. An amount paid for telephone was entered incorrectly as R2509 in the cash payments report , but shown correctly as R2905 on the bank statement .
6. The following amount appeared on the bank statement but wasn’t recorded by the accountant in the cash reports
   1. Interest on a Fixed Deposit R895
   2. Stop Order for insurance R1245
7. On 29 Feb 2020, a tenant of Ben Bicycle, D Donald, paid R2000 of his total rental of R6500 in cash and the balance via EFT. The cash received and the EFT were correctly recorded by the entity. The accountant however only deposited the cash on 1 March 2020, the EFT immediately reflected in the Bank account
8. The bank statement reflected an unfavourable balance of R11506 on 29 Feb 2020

Presented here are summarized data from the balance sheets and income statements of Wiper Inc.:

Required:

1. Calculate return on investment, based on net income and average total assets, for 2020 and 2019.
2. Calculate return on equity for 2020 and 2019.
3. Calculate working capital and the current ratio for each of the past three years.
4. Calculate earnings per share for 2020 and 2019.
5. If Wiper's stock had a price/earnings ratio of 13 at the end of 2020, what was the market price of the stock?
6. Calculate the cash dividend per share for 2020 and the dividend yield based on the market price calculated in part e.
7. Calculate the dividend payout ratio for 2020.
8. Assume that accounts receivable at December 31, 2020, totaled $317 million. Calculate the number of days' sales in receivables at that date.
9. Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2020 and 2019.
10. Calculate the times interest earned ratio for 2020 and 2019.